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Prospect News home > News index > List of issuers L > Headlines for Lodha Developers International Ltd. > News item
Published on 3/12/2020 in the Prospect News Emerging Markets Daily.

New Issue: India’s Lodha Developers sells $225 million 14% three-year notes

By Marisa Wong

Los Angeles, March 12 – Lodha Developers International Ltd. issued $225 million of 14% senior secured notes due 2023 on Thursday, according to a notice.

J.P. Morgan Securities plc, CLSA Ltd. and UBS AG Singapore Branch are the bookrunners.

Lodha is a Mumbai-based real estate developer.

Issuer:Lodha Developers International Ltd.
Issue:Senior secured notes
Amount:$225 million
Maturity:March 12, 2023
Bookrunners:J.P. Morgan Securities plc, CLSA Ltd. and UBS AG Singapore Branch
Coupon:14%
Settlement date:March 12

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